Identifying Business Cycles Of The Past

Are we heading for a depression, or are we already in a depression? What really is the difference between a hard recession and a depression?

Even though there may not be precise business cycles, are there business or economic cycles? Government intervention may not be able to stop downturns in economic cycles. No amount of bailout money can stop a spiraling economic cycle.

And just how do we compare a depression now as compared to 1929? There were very few if any government programs in place to help the poor. What would the situation look like now if the programs were not in place today?

Economic experts  predict that there are economic cycles in every society. There will be booms and there will be busts. Could it be possible that every 30 or 40 years the economy will enter a recession, or possibly even dive into a depression? Has economic history proven this to be so?

And putting politics aside… Did Reaganomics really lead to this bust? Did the Trickle-Down Theory really work?

And putting journalism aside… What are the real numbers on statistics such as: unemployment, government assistance, foreclosures, homelessness, economic stability, etc. ? Is the public getting a full view of the big picture? Is the situation worse than government and media are portraying?

Actually, 1929 was not the only period that the United States endured a depression. Economic Depressions in the United States have occurred several times. The depression of the 1890′s shocked America.

In our current place of modernity, we are led to believe that another depression is most unlikely to happen. If history is a teacher, the recurrence of an economic depression is more than likely; it is inevitable.